Why do you feel these posts contribute nothing to the forums when this particular forum is specifically designed to review real estate businesses?

I would recommend consulting with a tax professional to gather more details to confirm this based on your situation.

As with anything related to income tax, the money is in the details of the tax law.

Will follow up to get more details on your idea!

@Shiloh Lundahl I will do value add specifically with ADU development, so I am tracking permits to find other ADU developments and overall inventory growth to find a competitive edge with supplying demand in areas lacking larger residential developers aka "the middle housing"@Arlem Garcia Interesting, Tariffs will play a big role in supply chains, so it will be interesting to see how governments come to resolutions@Henry Clark Absolutely, imo gone are the days of investing for cashflow or appreciation, now it's about aligning long-term strategies with lifestyle 

Most look at a Certificate of Insurance and confirm coverage limits but best practices are to (1) become added as additional insured under contractors policy and (2) understand coverage exclusions which are not going to be detailed on an insurance certificate.

These are the few details I needed to connect in my brain to understand the strategy better.

But can someone please answer this specifically:"Do I need to file in MO even though I experienced a loss in 2024?"

What about something like this: https://www.realtor.com/realestateandhomes-detail/1328-Ridge...?

PM me if you want details.